Why To Invest In Kharadi: A Smart Investment Destination In Pune

Why To Invest In Kharadi: A Future Of Pune

Kharadi is rapidly emerging as one of the most promising real estate investment destinations in Pune, and for good reason. 

Located in the eastern part of Pune, Kharadi is a vibrant locality that offers excellent connectivity to major IT hubs, educational institutions, hospitals, and shopping centres. 

In recent years, Kharadi has witnessed significant development, with numerous residential and commercial projects being launched by reputed developers. 

Additionally, the area is well-connected to the airport, railway station, and major highways, making it an ideal location for both residential and commercial properties. 

Mangesh Jagtap, Homebazaar.com AVP said,” The strategic location of Kharadi, close to the IT hubs of Magarpatta and Hadapsar, has played a pivotal role in its ascent. This suburb has become a preferred choice for professionals working in these IT corridors, leading to a surge in demand for residential properties. 26.8% property appreciation in the last five years is a sign of this locale’s growth.”

With the continuous growth in demand for real estate in Kharadi, investing in this locality can be a wise decision that can yield substantial returns in the long run.

Here are the top reasons why to invest in Kharadi. 

Prominent Location And Excellent Connectivity to Invest In Kharadi

Kharadi is a prime locality situated in the eastern part of Pune, Maharashtra.

Purchasing a new flat in Kharadi will provide you with access to one of Pune’s most coveted locations, offering close proximity to affluent neighbourhoods such as Koregaon Park, Viman Nagar, and Kalyani Nagar. 

One of the biggest advantages of living in Kharadi is its excellent connectivity to important areas like the airport and IT hubs.

Connectivity Options To Invest in Kharadi

The Pune International Airport is only 8 km away from Kharadi, and major IT hubs such as EON IT Park and Magarpatta City are also located in close proximity. This makes Kharadi an ideal location for professionals working in the IT sector.

When it comes to transportation, Kharadi has a well-developed infrastructure that provides residents with a range of options for getting around the city. 

The area is well-connected to other parts of Pune via the Pune-Solapur Highway and the Mundhwa-Kharadi Road. 

Additionally, the Pune Metro Rail project is currently under construction, and once completed, it will provide Kharadi residents with yet another mode of transportation.

Upcoming Developments In Kharadi

Looking towards the future, Kharadi has several plans for growth and development.

The Pune Ring Road project, which will pass through Kharadi, is expected to improve connectivity and reduce traffic congestion in the area. 

Also, the Pune Metro Rail project is expected to be completed by 2025, further enhancing Kharadi’s connectivity to other parts of the city. 

Overall, Kharadi is an excellent location for those seeking a comfortable and convenient lifestyle, with ample opportunities for growth and development in the coming years.

Note:
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Growing Real Estate Market To Invest In Kharadi

Kharadi’s real estate market is currently thriving, owing to its excellent location and connectivity to important areas in Pune. 

The locality has witnessed significant growth in recent years having a 25% appreciation in the last five years, with several residential and commercial projects being launched by reputed developers. 

The demand for properties in Kharadi is high, particularly among professionals working in the IT sector, which has led to a steady increase in real estate prices.

Kharadi offers a variety of property types, ranging from apartments and villas to commercial office spaces. 

• The prices of these properties vary depending on their size, location, and amenities. 
• A 1 BHK apartment in Kharadi can cost anywhere between Rs. 40 lakhs to Rs. 70 lakhs, while a 2 BHK apartment can cost between Rs. 60 lakhs to Rs. 1.2 crores. 
• The prices of villas in Kharadi range between Rs. 1.5 crores to Rs. 4 crores, depending on the size and location of the property. 
• Commercial office spaces in Kharadi are also in high demand, with prices ranging between Rs. 5,000 to Rs. 15,000 per sq. ft.

Potential Price Appreciation and Rental Income 

Compared to other areas in Pune, Kharadi’s real estate prices are relatively higher. 

However, the locality’s excellent connectivity to important areas and its proximity to IT hubs make it a highly desirable location for investment. 

The average property rate in Kharadi is 8,500 per sq ft. 

Additionally, Kharadi’s real estate market has significant potential for price appreciation and rental income. 

The locality offers a 10% rental yield making it the best option to invest.

The steady demand for properties in Kharadi is expected to drive up real estate prices in the coming years, making it a potentially lucrative investment for those looking to invest in real estate.

Employment Opportunities To Invest In Kharadi

Kharadi has gained a reputation as a major IT hub in Maharashtra, with several prominent companies having offices in the area. 

This has led to a significant availability of job opportunities in Kharadi, particularly in the IT sector. 

Major companies such as Wipro, Zensar Technologies, Barclays Global Service Centre, Vodaphone, and Veritas Technologies have their offices in Kharadi, making it an attractive location for IT professionals.

The presence of these companies has also led to the development of supporting industries, such as restaurants, cafes, and shopping centres, creating a thriving ecosystem that offers ample job opportunities. 

Looking towards the future, Kharadi has significant potential for job growth. 

The Pune Metropolitan Region Development Authority (PMRDA) has announced several infrastructure projects that are expected to create job opportunities in the area. 

Overall, all these factors lure investors to invest in Kharadi.

Lifestyle and Blooming Infrastructure To Invest In Kharadi

Kharadi is a popular locality in Pune known for its high standard of living and modern lifestyle. The area is home to several luxury residential complexes and offers a range of amenities and facilities to its residents.

With a vibrant metropolitan atmosphere, residents of Kharadi can enjoy a range of recreational activities, including malls, restaurants, and multiplexes, as well as convenient access to IT parks and business centres located just a few minutes away.

In terms of infrastructure development, Kharadi has witnessed significant growth over the years. 

• The area boasts excellent social and civic infrastructure, with numerous schools such as Nirmala Convent High School, ORCHIDS The International School, EON Gyanankur English Medium School and more. 
• Healthcare facilities like Columbia Asia Hospital, Health Square Kharadi Hospital etc. are in the vicinity. Shopping malls such as Seasons Mall, and Amanora Mall and restaurants are located in and around the locality. 
• The Kharadi Knowledge Park, which houses several IT companies, has also played a significant role in the area’s development.

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